News

Less than a week before Thanksgiving the six-year old, credit union-run "Operation Best Wishes" campaign to support the troops is on an expanded nationwide roll managing to struggle without financial backing of its major benefactor, WesCorp.

As the credit union industry touts its reputation for its treatment of members, some banks fall short on how they treat their small business customers.

The blog network has a new credit union entry this month from an out-of-work CU marketer from Illinois, whose weekly radio internet show, "CU Chat Up" is gaining some high profile attention.

Credit union employees who want to learn how to comply with the Home Mortgage Disclosure Activity reporting requirements that recently went into effect can participate in NAFCU's Dec. 2 Webcast on the subject.

Financial institutions with assets of less then $50 billion wouldn't have to pay into a fund aimed at rescuing large companies deemed "too big to fail," as a result of an amendment passed by the House Financial Services Committee yesterday.

J. Benson Porter, chief executive officer at the $2.4 billion Addison Avenue Federal Credit Union, was elected to the board of the Federal Home Loan Bank of San Francisco earlier this week. Porter said he will begin serving his four-year term Jan. 1.

OMEGA Federal Credit Union has tapped former Security Credit Union Executive Vice President/Chief Financial Officer Troy L. Garvin as its new CEO.

CUNA CEO Dan Mica praised today's General Accounting Office report on credit card interchange for recognizing how important card interchange is for card issuing credit unions.